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Dec 29, 2012
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she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time regaining any legitimacy or credibility after this is done one way or the other. it is true congressional republicans are faring a little worse than the president. but people are pretty fed up with the entire process. >> gregg: the president keeps saying he wants to raise taxes on the rich. but how do folks in the middle class feel about whether their taxes are going to go up? are they pessimistic? >> 49% of all voters he expect middle class taxes will go up as part of any deal to avert the fiscal cliff. there is a general expectation that over the next couple of years
she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time...
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Nov 25, 2012
11/12
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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Dec 29, 2012
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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Dec 1, 2012
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we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally change who we are as a party and who we are as republicans. we have to make sure that our voices on taxes, on spending on the economy, are heard loud and clear. just as meghan said, the economic issues are driving many young voters indeed. so where we stand on taxes is that they should be low, but most importantly, in regards to college students and younger voters, we need to make sure that when we graduate college, that we're put to that a job environment that we're able to live productively, that we're not burdened by higher taxes, that we're not burdened by the di
we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally...
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Dec 9, 2012
12/12
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the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of cours
the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't...
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Dec 30, 2012
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so now we are almost at the fiscal cliff, it's the end of the year. but unfortunately, shannon, we are going to turn around, the end of february, and there is a bigger issue we are going to have to deal with, in terms of the debt. so i agree, i think president obama may have won the short-term battle. but i don't think he's going to win on this -- on the debt situation because that is when there is going to be absolute no negotiation on how much -- on what spending we do. it is going to be how much spending cuts that we are going to make because we are really at the point of no return, with respect to our debt. >> when you break out some of the individual leader who is are playing a part in this fiscal cliff negotiation, this is the latest gallup polling around christmas time. none of them faired too well. the president does the best. but we have house speaker john boehner, approval is 26% and harry reid, 34%. doug, who steps up and shows some leadership at this moment? >> well, the president's overall approval rating is pretty high, i think, he is in
so now we are almost at the fiscal cliff, it's the end of the year. but unfortunately, shannon, we are going to turn around, the end of february, and there is a bigger issue we are going to have to deal with, in terms of the debt. so i agree, i think president obama may have won the short-term battle. but i don't think he's going to win on this -- on the debt situation because that is when there is going to be absolute no negotiation on how much -- on what spending we do. it is going to be how...
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Nov 24, 2012
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there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll have a recession. he wants clinon era tax rates, okay how about repealing obama care hillary care was reject how about cutting 500 billion from federal spend get it down to the levels how about gen rain deregulation and stabilizing the dollar. and it was almost good as gold. we can live approximate with the tax increases that are coming. and republicans should say we are not going to deal. >> woo are talk being repealing obama care. do you believe at that point honestly there is political will do do that? >> i think the republicans how to say in terms of dealing
there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll...
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Dec 25, 2012
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jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from parkinson's disease. that's why you often see him using a motorized wheelchair or scooter. he also takes medication for an irregular heartbeat and suffers from a mild form of grave's disease, which is a thyroid condition the former president had surgeries to replace both hips. his most recent operation was in 2007. jamie: we send our best wishes to the entire family. kelly: we do. jamie: a new tribute to the victims of the sandy hook school shooting. we can't do enough to let them know we care. a community far from connecticut got together to
jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from...
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Dec 23, 2012
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they are worried about the fiscal cliff. we saw a drop-off of spending as the fiscal cliff seemed to be more and more real as all the talks fell apart. >> gregg: we are seeing other things. average work weeks in some regions shrinking, online job posting may be declining, think that i was in minnesota and insurance claims are rising? >> they are tough to read the tea leaves but what we are seeing is consumers which is the driving engine of this economy, three-quarters of g.d.p. is consumer spending, we are seeing consumers, we got record traffic but they are not spending. this next couple of days, one more shopping day until christmas, usually about 10% of consumers spend on that day. also looking for the big deals. that is another thing we are sees retailers putting discounts late in the season. that may mean fewer jobs in the future. >> gregg: the question is, as we said, how do we stimulate growth in the higher paying technology and manufacturing sectors? >> first of all before we ring the death bell on manufacturing, u.s
they are worried about the fiscal cliff. we saw a drop-off of spending as the fiscal cliff seemed to be more and more real as all the talks fell apart. >> gregg: we are seeing other things. average work weeks in some regions shrinking, online job posting may be declining, think that i was in minnesota and insurance claims are rising? >> they are tough to read the tea leaves but what we are seeing is consumers which is the driving engine of this economy, three-quarters of g.d.p. is...
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Nov 17, 2012
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concerns over the so-called fiscal cliff. we understand that the president plans to meet with congressional leaders again after thanksgiving looking to find way to avoid tax increases and spending cuts in the that you year. after the president's win, they are taking a harder line. can a compromise be reached. chief congressional correspondent from washington examiner, thank you for joining us. >> nice to be here. >> how hopeful that a compromise will be reached? >> i think it was interesting about yesterday was the way that all the leaders, republican and democrat came out together in front of the white house. if things aren't going well, one party will come up and then the next and each one will stake their ground on the issue. i think both sides are really concerned if we get so close to the end of december wrought a deal it will ruin the market and economy and make things worse. they are trying send a message to give confidence to the markets and businesses that they are going could come with up something. >> heather: the
concerns over the so-called fiscal cliff. we understand that the president plans to meet with congressional leaders again after thanksgiving looking to find way to avoid tax increases and spending cuts in the that you year. after the president's win, they are taking a harder line. can a compromise be reached. chief congressional correspondent from washington examiner, thank you for joining us. >> nice to be here. >> how hopeful that a compromise will be reached? >> i think it...
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Dec 9, 2012
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coming up, the looming fiscal cliff. you know, it's part of our nation's financial problem. but what about the spenning? how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces charges after a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i am sure it will be difficult to move on. but i am sure they will bounce back and be able to come around. s my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> jamie: another sad story out of the,r of the nfl. a member of the dallas cowboys is facing manslaughter. josh brent was allegedly drunk and speeding during a
coming up, the looming fiscal cliff. you know, it's part of our nation's financial problem. but what about the spenning? how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces charges after a car crash that killed one of his teammates? that's straight ahead....
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Oct 13, 2012
10/12
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>> well, that's one of the big issues people are talking about, the economists with the fiscal cliff. and look at this issue alone, we would call this a fiscal mountain. because if mortgage interest deductions are not able to still exist, certainly the housing market, any recovery that we've seen in the housing industry, would be halted. so congress knows this, ben bernanki has been addressing this issue, trying to sort of calm the issue down. they believe that this will be able to be worked out. >> so the interest rates have come down to record lows. does it make sense to refinance if ultimately -- i mean, it used to be you would buy a house specifically for that mortgage interest deduction, and hopefully keep some of your pay if you were a w-2 employee. >> you know, you really have to take a look at your overall plan, if you will. because the process has changed quite a bit. one of the things that you need to know, this isn't the refi days of old with no doc and stated doc loans and things like that. you have to have your documentation in place. and you will have to show at least tw
>> well, that's one of the big issues people are talking about, the economists with the fiscal cliff. and look at this issue alone, we would call this a fiscal mountain. because if mortgage interest deductions are not able to still exist, certainly the housing market, any recovery that we've seen in the housing industry, would be halted. so congress knows this, ben bernanki has been addressing this issue, trying to sort of calm the issue down. they believe that this will be able to be...
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Dec 9, 2012
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but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not encouraged, especially after the president rejected outright an initial offer by the speaker earlier this week. it didn't happen in a way that gave me confidence that the president is really interested in negotiating. he it gave me the sense that he is not only willing to allow us to go off the cliff burks perhaps he wants to push us off. >> of course, the white house continues to say, that's not what it wants, at least, publicly, but your colleague, senator lindy graham said as much a few days back, he thinks they have made a political calculation that there is a very real possibility that that is
but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not...
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Nov 10, 2012
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we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the benefit of the federal government is not popular. and so both sides need to be a little bit more respectful of the positions and give each other latitude and trust and so we can solve the problem. >> republicans believe it is it a man date of their own because they retained the house in the last election. how do you see compromise comingalt a time when both sides are alined. >> we are soing that each one has their own basic power. speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that
we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the benefit of the federal government is not popular. and so both sides need to be a little bit more respectful of the positions and give each other latitude and trust and so we can solve the problem....
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Dec 2, 2012
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republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough ti
republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and...
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Nov 11, 2012
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this fiscal cliff is very well. it doesn't benefit any american and doesn't benefit any political party if we go over. you are talking about an almost instant recession occurring if nothing is done. i think the challenges for both sides, you saw in that clip, both people are leading with the rhetoric. they are not leading with their best offer which is negotiation 101. republicans have to understand the quicker we transition this conversation from defending tax cuts to the wealthy to spending cuts is really where the majority of the reform has to occur, the better off we are. you saw a poll right after the election. 35%, only 35% of americans believe it is important to wage this kind of defense to prevent tax cuts. what is more logical to say, $250,000 is way too low a threshold for a wealthy american. if republicans are able to do that, pivot the conversation which are the big drivers of our deficit then we can see real progress. but he also indicated to something i fear. we'll probably get a stopgap measure to tak
this fiscal cliff is very well. it doesn't benefit any american and doesn't benefit any political party if we go over. you are talking about an almost instant recession occurring if nothing is done. i think the challenges for both sides, you saw in that clip, both people are leading with the rhetoric. they are not leading with their best offer which is negotiation 101. republicans have to understand the quicker we transition this conversation from defending tax cuts to the wealthy to spending...
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Nov 18, 2012
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new concerns over negotiations to avoid the so-called fiscal cliff. new signs that democrats plan to dig in against spending cuts for medicare and social security programs. and new attacks in israel and gaza. israel said it's prepared to expand the attacks if it continues to come under fire. and six injured when police choppers crash at a helipad in los angeles. rotary blades from each helicopter clipped as one was taking off and the other was landing. >> on the hearing we had thursday and friday, we had every leader of the intelligence community there, including folks from the state department, the fbi, everybody there was asked do you know who made these changes? and nobody knew. the only entity that reviewed the talking points that was not there was the white house. >> and yet the house intel chairman, mike rogers, said today, he said he thinks it was the national security council's deputy committee that made the change. let's bring back our political insiders. so pat, let he start with you. the white house said yesterday we didn't make the change.
new concerns over negotiations to avoid the so-called fiscal cliff. new signs that democrats plan to dig in against spending cuts for medicare and social security programs. and new attacks in israel and gaza. israel said it's prepared to expand the attacks if it continues to come under fire. and six injured when police choppers crash at a helipad in los angeles. rotary blades from each helicopter clipped as one was taking off and the other was landing. >> on the hearing we had thursday...
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Dec 16, 2012
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. >> and the fiscal cliff continues. reports that house speaker john boehner would be open to raising tax rate on those who make a million dollars or more in example for major cuts elsewhere. is that an idea you can support? or is it a no-go for you if there are any tax increases? >> i have given my support to john boehner. we'll never get the perfect deal. i am confident that john will get the best deal we can, the president won the election, the democrats took the senate, we took the house. there is barg ang goingomp i think it's wrong for republicans to be second-guessing what john boehner might be doing or laying out positions about what they can or cannot support. vitold john that based on my knowledge of him and his commitment, i am prepared to support the agreement that he ultimately negotiates, convinced that it's the best we get under the circumstances. >> congressman peter king, we thank you for your time today. >> thank you. >> in just a few hour, president obama will travel to new tong to mourn the victims an
. >> and the fiscal cliff continues. reports that house speaker john boehner would be open to raising tax rate on those who make a million dollars or more in example for major cuts elsewhere. is that an idea you can support? or is it a no-go for you if there are any tax increases? >> i have given my support to john boehner. we'll never get the perfect deal. i am confident that john will get the best deal we can, the president won the election, the democrats took the senate, we took...
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Nov 25, 2012
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fast approaching fiscal cliff could push unemployment even higher. whether some business owners could be forced in place a hiring freeze. >> and republicans promising a post election overhaul in the nation's broken immigration system. could it backfire with voters? our political panel is here to weigh in. think spam. >> i think we need a bigger thing and we need immigration reform. there is no doubt whatsoever the demographics are not on our side. [ timers ringing ] [ male announcer ] it's that time of year. time for campbell's green bean casserole. you'll find the recipe at campbellskitchen.com. ♪ campbell's. it's amazing what soup can do. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>. >> gregg: bottom of the
fast approaching fiscal cliff could push unemployment even higher. whether some business owners could be forced in place a hiring freeze. >> and republicans promising a post election overhaul in the nation's broken immigration system. could it backfire with voters? our political panel is here to weigh in. think spam. >> i think we need a bigger thing and we need immigration reform. there is no doubt whatsoever the demographics are not on our side. [ timers ringing ] [ male announcer...
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Dec 16, 2012
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. >> gregg: experts say if we go over the fiscal cliff there will be recession. do small businesses have the most to lose? >> they live month to month much more so than huge corporations and have other things they can rely on. >> gregg: they have bridge loans to get through them payroll to get them through the month and that will go away. >> that is the fear. >> gregg: since small businesses make up 54% of employing americans that will be a huge impact. >> heather: catch brenda buttner on "bulls and bears", here all the time. thank you brenda. the connecticut school tragedy we're going to talk allege more about that. school safety, everyone is talking about that. back into the national spotlight a look what needs to be done to make sure that our are safe. ♪ ♪ [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. is efficiently absorbed in small continuou
. >> gregg: experts say if we go over the fiscal cliff there will be recession. do small businesses have the most to lose? >> they live month to month much more so than huge corporations and have other things they can rely on. >> gregg: they have bridge loans to get through them payroll to get them through the month and that will go away. >> that is the fear. >> gregg: since small businesses make up 54% of employing americans that will be a huge impact. >>...
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Nov 24, 2012
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let's just hope and pray that things get better and let's hope that the fiscal cliff, we get that resolved and hope that prices start to, don't keep going up like they are. let's hope that the tax situation doesn't get out of control and hope all of the negative things that could happen don't happen, but if they do happen, you're right, arthel, get ready because january and february are going to be rough months out there. >> arthel: well, we hope it doesn't come to that. we want everyone to have a, you know, good income and et cetera. and by the way, as someone told me you have pretty deep pockets if you want to buy me a christmas gift, no problem. (laughter) >> i already did. that's what i've done all weekend. >> arthel: good answers, ed butowsk butowsky. >> rick: you let me know if he sends you something. >> arthel: i will. >> rick: and new concerns over a sweeping new power grab from the president of egypt. how should the u.s. react? a fair and balanced look is ahead. >> plus a look at the hottest toys on the market right now. there's some of them. find out what is sure to make you a bi
let's just hope and pray that things get better and let's hope that the fiscal cliff, we get that resolved and hope that prices start to, don't keep going up like they are. let's hope that the tax situation doesn't get out of control and hope all of the negative things that could happen don't happen, but if they do happen, you're right, arthel, get ready because january and february are going to be rough months out there. >> arthel: well, we hope it doesn't come to that. we want everyone...
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Oct 27, 2012
10/12
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>> if we look why did businesses contract their spending, its fiscal cliff. we are looking at this thing somehow we're going to flip a lighted switch on december 31. it is happening now. they are looking at december 31, i don't know what my tax bracket is going to be. i don't know how much spending is going to get cut back, military spending is going to get cut back. when you are looking at moment crisis down the road you will contract your spending and taking on the way and see attitude. unfortunately the guy looking for a job out there, they are the ones that are going to get hurt. >> jamie: let's hope the guys and gals that are looking for work, explain to them what businesses are thinking right now. there is worry what obamacare will cost a business owner and what they will be mandated to provide but also the global economic crisis is also playing a role in how business owners is to grow or contract? >> this is time of uncertainty that puts us where we are right now. europe right now is borderline recession. china g.d.p. has really contracted. last number
>> if we look why did businesses contract their spending, its fiscal cliff. we are looking at this thing somehow we're going to flip a lighted switch on december 31. it is happening now. they are looking at december 31, i don't know what my tax bracket is going to be. i don't know how much spending is going to get cut back, military spending is going to get cut back. when you are looking at moment crisis down the road you will contract your spending and taking on the way and see attitude....
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Nov 17, 2012
11/12
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cliff. earlier i spoke with maryland congressman, the ranking democrat on the house budget committee about how confident he is a teal can be reached by the end of the year and whether he thinks the president received a mandate from voters to raise taxes on the wealthy. >> i'm confident that there is the desire and will to get it done. as always, the devil is in the details and there is a lot of work to do. but we have a constructive spirit and so i'm hoping that will get us through. but again, there are lots of tough negotiations ahead. >> why don't you feel that closing loopholes is enough to make a difference similar to what the simpson bowles plan called for? >> the simpson bowles plan has two revenue components. one is they assume in their baseline, in their starting point, that you will get the same amount of revenue you would achieve if you allowed the top rate to go back to clinton era levels, a little over 39%. on top of that, they generate about a trillion dollars through tax reform
cliff. earlier i spoke with maryland congressman, the ranking democrat on the house budget committee about how confident he is a teal can be reached by the end of the year and whether he thinks the president received a mandate from voters to raise taxes on the wealthy. >> i'm confident that there is the desire and will to get it done. as always, the devil is in the details and there is a lot of work to do. but we have a constructive spirit and so i'm hoping that will get us through. but...
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Oct 13, 2012
10/12
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not that cool. [ laughter ] >> patti ann: mounting concerns over the looming fiscal cliff. a combination of automatic spending cuts and the expiration of the bush tax cuts as we arrive closer to 2013. some economists remain optimistic about u.s. stocks but they are warning that marketed could lose 10% of its value if something isn't done. what could this mean and for your 401-k. kyle harrington is managing partner of harrington managing capital. a very financial money manager said a lot of time has been spent at the imf meetings discussing the fiscal cliff. they are actually two cliffs, one in europe but also the cliff in the u.s. he says we could go over in the next few months. do you agree with that? >> i do. it's about time we spent some time focusing in on this issue in my opinion. i have been saying this since the beginning of the year. the looming crisis of whether or not tax rates are going up significantly or they are going to extend the tax cuts by george bush is very important issue. yes, it can affect the way that investors think about the equity markets, the way
not that cool. [ laughter ] >> patti ann: mounting concerns over the looming fiscal cliff. a combination of automatic spending cuts and the expiration of the bush tax cuts as we arrive closer to 2013. some economists remain optimistic about u.s. stocks but they are warning that marketed could lose 10% of its value if something isn't done. what could this mean and for your 401-k. kyle harrington is managing partner of harrington managing capital. a very financial money manager said a lot...
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Jul 29, 2012
07/12
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what about spending and the deficit and taxing and the fiscal cliff. >> democrats and republicans rolled us into this ditch. so you have the tea party and the up on movements today. let us come up with a plan to get out of the ditch because the republicans and the democrats will have to come together to do it anyway. >> eric: matt, is there no difference? >> no. unfortunately for the president, i think there is a big difference. what is going to happen, which always happens when a president's up for re-election and ronald reagan termed it the best -- are you better off than you were four years ago? right now, particularly among independents, they are saying a resounding no. so i think that mitt romney will get his chance to have four years in the white house because people have determined that barack obama has not gotten it done in the first term. >> you know, this is a generational problem. if, if, if, if, if -- he will face it is same problem in four years. i want to see a real plan to get us out of this depression, yes, i will see the "d" word. this is not a recession where i live, to
what about spending and the deficit and taxing and the fiscal cliff. >> democrats and republicans rolled us into this ditch. so you have the tea party and the up on movements today. let us come up with a plan to get out of the ditch because the republicans and the democrats will have to come together to do it anyway. >> eric: matt, is there no difference? >> no. unfortunately for the president, i think there is a big difference. what is going to happen, which always happens...
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Jul 28, 2012
07/12
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. >> kelly: the fiscal cliff that come were talking about. thank you for the report. keep following the details. >> jamie: wonder if that means we have to cancel the new year's eve plans and start saving. what does the latest stalemate over taxes mean for the presidential race. take a look at that with angela mclouen and christopher. >> hi, jamie. >> great to be here, jamie. >> jamie: should america start preparing or where do you think this ends up when everyone takes a look at it in congress? >> i think we will get a deal with the first million dollars of income bush tax cuts extending. we he all agree on two basic truths. we want to see the first $250,000 of revenue, income, sorry, continue to have the tax cuts and we all believe that people like mitt romney whether they get this tax cut or not will still have plenty of honey to buy nail polish for their horses. take what we all agree on off the table and save the stuff that is difficult for after the election. >> this is not about -- >> jamie: it is a shame, angela, chris doesn't want america to bring home the gol
. >> kelly: the fiscal cliff that come were talking about. thank you for the report. keep following the details. >> jamie: wonder if that means we have to cancel the new year's eve plans and start saving. what does the latest stalemate over taxes mean for the presidential race. take a look at that with angela mclouen and christopher. >> hi, jamie. >> great to be here, jamie. >> jamie: should america start preparing or where do you think this ends up when everyone...
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Sep 23, 2012
09/12
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let's talk about the fiscal cliff that we would rapidly be imposing. what would the cuts do with sequestration among other things? >> the impact to the military would be devastating that is what secretary of defense panetta says. and to the economy equally so. over a million jobs lost to layoffs and these are good jobs. defense industry jobs tend to be really good ones. it is hard to get any job anywhere near as good and also that is more of the industrial base going away so it will be harder to recover from the sequester. >> how much would it diminish u.s. military power. >> again, secretary of defense panetta said it is unprecedented. it is unprecedented for a commander in chief to suggest sign and defend cuts in the defense budget that his own secretary of defense says are going to be devastating and without any military analysis to justify them. it is breathe takingly irresponsible and the effect on the economy at a time when we need jobs is going to be severe. >> the sequestration issue is going to be thrown into the hands of a lame duck congress.
let's talk about the fiscal cliff that we would rapidly be imposing. what would the cuts do with sequestration among other things? >> the impact to the military would be devastating that is what secretary of defense panetta says. and to the economy equally so. over a million jobs lost to layoffs and these are good jobs. defense industry jobs tend to be really good ones. it is hard to get any job anywhere near as good and also that is more of the industrial base going away so it will be...
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Jul 22, 2012
07/12
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cliff," a shallow recession would occur next year and 1.25 million fewer jobs would be created in 2013. >>gregg: will the economy determine the outcome the november 6 election? we bring in doug, former pollster for bill clinton. pat caddell, a former pollster for president indicator. and john leboutillier, former republican congressman for new york. and now a fox news poll seems to dovetail with what bernanke is saying. 72 percent of people say that raising taxes is a bad idea. >>doug: the american people are frustrated, concerned, and nervous. what bernanke is saying reflects the popular will, which is if we don't get the economy right, we could head into a recession. that's what is weighing down president obama's poll numbers and making this a very close race with things moving not direction of governor romney. >>gregg: at the same time, by a ten-point margin. look at this fox news poll. folks say taxing the rich, which is what the president wants to do, is a good idea. >>pat: nothing takes place if a vacuum. people think if they think of the economy that is bad. you tax the rich --
cliff," a shallow recession would occur next year and 1.25 million fewer jobs would be created in 2013. >>gregg: will the economy determine the outcome the november 6 election? we bring in doug, former pollster for bill clinton. pat caddell, a former pollster for president indicator. and john leboutillier, former republican congressman for new york. and now a fox news poll seems to dovetail with what bernanke is saying. 72 percent of people say that raising taxes is a bad idea....
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Jul 29, 2012
07/12
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we talked about that fiscal cliff at the end of the year, that is when the bush-era tax cuts expire. there may be big spending cuts going through. it's an election year. nobody is quite sure what is going to happen. why are you going to hire people if you not selling goods? why are they going to spend if they don't know if they have a job? >> eric: what is your prediction as we go out, but where do you see us going over the next six months, nine months, it depends on who gets elected? >> it does. there is two competing policies how to treat the economy. it will depend on this election and also in congress, who goes along with the president. another reason to watch. >> eric: we'll just sit like this and hold on. thank you brenda, catch brenda on "bulls and bears" every saturday morning at 10:00 a.m. eastern right here on the fox news channel. >> heather: presidential campaign focus goes overseas playing out in israel. governor romney and president obama signing a new deal with our middle east ally two days before. up next our political panel takes a fair and balanced look at both poli
we talked about that fiscal cliff at the end of the year, that is when the bush-era tax cuts expire. there may be big spending cuts going through. it's an election year. nobody is quite sure what is going to happen. why are you going to hire people if you not selling goods? why are they going to spend if they don't know if they have a job? >> eric: what is your prediction as we go out, but where do you see us going over the next six months, nine months, it depends on who gets elected?...
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Nov 11, 2012
11/12
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you talk to the lawmakers about the otherig issues with the fiscal cliff looming. that's a very big discussion and a great panel, as l. thanks for the preview. >> watch the show. >> reporter: >> shannon: yeah. and hear about david axelrod's mustache. a new challenge there, as well. >> there you go. >> thanks, chris. catch the entire exclusive interview with dianne feinstein, right here on fox newschannel, after america's news headquarters. coming up, a veteran who walked away from the big leagues twice to go to war for america. his amazing story, up after this break. [ male announcer ] there are only so many foods that make kids happy. . and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. ♪ ♪ >> shannon: talk about an impressive resume. world series mp3, baseball hall-of-famer and a veteran of two wars. even so, jerry coleman says he is no hero. fox's adam housley has the story on veterans day. >> thank you, coleman, digs in a little deeper and keeps arms swinging. >> reporter: from the in
you talk to the lawmakers about the otherig issues with the fiscal cliff looming. that's a very big discussion and a great panel, as l. thanks for the preview. >> watch the show. >> reporter: >> shannon: yeah. and hear about david axelrod's mustache. a new challenge there, as well. >> there you go. >> thanks, chris. catch the entire exclusive interview with dianne feinstein, right here on fox newschannel, after america's news headquarters. coming up, a veteran who...
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May 19, 2012
05/12
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tea party movement and freshman are driving the country over the cliff and caused a credit downgrade. this proves there is nothing farcter farther from the truth. at the end of the day we need more strong fiscal conservatives in the house and senate it is easier for these people to stand for the conservative principles and values when a lot of people are standing with them as to when they go up against the themselves. >> congressman, you scored 99 and many colleagues who didn't do well are not holding firm. >> you have to watch the actual races. it doesn't bother if they run as moderate and votes as moderate . if they run as conservative and vote as conservativey but it is difficult for us to keep on message. i am glad the club keeps up with the report card and folks back home to figure out if they got what they targled for. support them again and if not fix it this year. >> men congressman west is a tea party activist. he came out at 64 percent and voted to raise the debt ceiling and voted against spending cuts. >> it is up to their constitients that. is our job to ed-- educate on ho
tea party movement and freshman are driving the country over the cliff and caused a credit downgrade. this proves there is nothing farcter farther from the truth. at the end of the day we need more strong fiscal conservatives in the house and senate it is easier for these people to stand for the conservative principles and values when a lot of people are standing with them as to when they go up against the themselves. >> congressman, you scored 99 and many colleagues who didn't do well...
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Jun 10, 2012
06/12
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train wrecks, going off the cliff. look, there is no question that our country is in economic decline. the question is, can we turn it around? some people are saying, no, it's worse than that. and that's just the economic side. we're $15 trillion in debt -- plus and heading toward $65 trillion worth of unfunded liabilities, promises that the government has made that we can't keep. that's the economic side. and then you have the cultural, spiritual, moral side -- cannibalism, people in the united states eating other people? i don't remember ever hearing stories from this country of that happening. the number 1, 2 and 3 book s on the new york times list in novels is -- is essentially called mommy porn -- novels that are so out of the bounds of normal literature, this is erotic literature, has sold 10 million copies in 6 weeks, the last 6 weeks. this is a few examples of where we are. but what i am beginning to wonder, as i interview people and my own processing, this is not normal. i think people are starting to fear we
train wrecks, going off the cliff. look, there is no question that our country is in economic decline. the question is, can we turn it around? some people are saying, no, it's worse than that. and that's just the economic side. we're $15 trillion in debt -- plus and heading toward $65 trillion worth of unfunded liabilities, promises that the government has made that we can't keep. that's the economic side. and then you have the cultural, spiritual, moral side -- cannibalism, people in the...